Alset AI Ventures Nears Completion of Majority Stake in Cedarcross Technologies

Alset AI Ventures Inc., an AI venture firm, is finalizing its acquisition of a majority 75% interest in Cedarcross International Technologies. This acquisition underscores Alset AI's commitment to enhancing its AI cloud computing infrastructure portfolio. The company is in the last stages of due diligence, pending TSX Venture Exchange approval. The acquisition process exceeded initial timelines but is now nearing completion, marking a pivotal step for Alset AI in AI infrastructure development.

In parallel, the firm acknowledges developments by DeepSeek AI, which claims efficiency in large language models (LLMs) at reduced costs. While model innovations continue, Alset AI emphasizes the critical need for scalable AI infrastructure. CEO Adam Ingrao reaffirms Alset AI's focus on high-performance computing to support growing AI complexities.

These initiatives place Alset AI at the forefront of AI infrastructure advancement, addressing the continuous demand for robust hardware and optimized data processing capabilities.